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Old 21st Apr 2020, 16:50
  #330 (permalink)  
LGS6753
 
Join Date: Jul 2003
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It is not Government money that is being lent , at least directly. The banks have been asked/told to advance money to companies in all sectors, and the UK Government will underwrite 80%. So the bank will do their usual due diligence prior to advancing their own risk capital. They won't want to be losing the non-underwritten 20%.
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